JPMorgan sees home equity losses and 12,000 WaMu cuts (Reuters)

[riky]

JPMorgan sees home equity losses and 12,000 WaMu cuts
    (Reuters)

 

Reuters - JPMorgan Chase & Co  warned that up to 41 percent of its more credit-worthy home equity borrowers will owe more than their homes are worth by the end of 2010, up from 27 percent at the end of 2008.


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